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Home Cryptocurrency

Bitcoin Dips to $95K as Crypto Funds See Record Inflows

by FeeOnlyNews.com
7 months ago
in Cryptocurrency
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Bitcoin Dips to K as Crypto Funds See Record Inflows
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The Bitcoin price has dropped 3% in the last 24 hours to trade at $93,324, as crypto investment products continue to attract strong interest from investors with record inflows.

Last week, crypto funds saw inflows of $2.17 billion, the highest in 2026 so far and the largest weekly gain since October, according to European asset manager CoinShares. Most of the money entered the market earlier in the week, but Friday recorded $378 million in outflows due to geopolitical tensions in Greenland and fresh concerns over tariffs.

James Butterfill, CoinShares’ head of research, also noted that sentiment was affected by expectations that Kevin Hassett, a leading contender for US Fed Chair, would likely remain in his current position. Bitcoin dominated last week’s fund inflows, pulling in $1.55 billion, which represented over 70% of the total.

Ether followed with $496 million, while XRP and Solana attracted $70 million and $46 million, respectively. Smaller altcoins such as Sui and Hedera recorded minor inflows of $5.7 million and $2.6 million. Despite proposals under the US Senate’s CLARITY Act that could limit stablecoin yields, Ether and Solana funds held up well.

Among fund types, multi-asset and short Bitcoin products were the only categories to see outflows, totaling $32 million and $8.6 million. On the issuer side, BlackRock’s iShares ETFs led the market with $1.3 billion in inflows, followed by Grayscale Investments at $257 million and Fidelity Investments at $229 million.

Geographically, the US accounted for the majority of inflows at $2 billion, while Sweden and Brazil saw small outflows of $4.3 million and $1 million, respectively. With these gains, total assets under management in crypto funds surpassed $193 billion for the first time since early November, showing renewed investor confidence.

Bitcoin Price Indicates Bullish Breakout After Rounded Bottom

The Bitcoin price 4-hour  chart shows a series of bullish developments, though recent price action indicates some short-term consolidation. Price recently rebounded from a major support zone around $87,500–$88,500, which had previously acted as a strong accumulation area. This level has successfully absorbed selling pressure multiple times in the past, providing a solid foundation for higher moves.

Following this support, Bitcoin formed a rounded bottom pattern between January 6 and January 12, signaling a shift from bearish to bullish sentiment. The rounded bottom reflects a gradual loss of selling momentum, allowing buyers to regain control.

A bullish breakout occurred after the rounded bottom, pushing the price above prior resistance levels around $91,000. This breakout was accompanied by strong upward momentum, with the price briefly testing the $96,000 region. The breakout confirms that buyers were willing to step in decisively after the consolidation, signaling potential continuation of the short-term uptrend.

Currently, the price has pulled back slightly after hitting the $96,000 resistance area. The minor retracement appears healthy, as it allows buyers to enter at lower levels without threatening the overall bullish structure. The relative strength index (RSI), currently around 39.8, shows that Bitcoin is not yet oversold, indicating room for further upside once buyers re-enter. The 46-level on the RSI also indicates previous resistance in momentum, now acting as a potential pivot point.

The chart shows a well-defined support and resistance structure, with price respecting the $88,000–$91,000 range before attempting higher levels. The rounded bottom and bullish breakout highlight a transition from accumulation to renewed upward momentum. Traders may watch for a retest of $91,000–$92,000 as a key support level, while the $96,000 area remains a near-term resistance barrier.

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